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Cape Coral Real Estate News – October 2019

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Cape Coral Florida Real Estate News

October 2019

 

State and National News:

  • Fla. Senators introduce the ‘Canadian Snowbirds Act’   Read more…
  • Study: Florida No. 1 in Welcoming new Residents   Read more…
  • NAR Report Identifies U.S. ‘Vacation Home Counties’   Read more…
  • UCF Economist: Recession no threat to Florida    Read more…
  • Fla. Law Bans touching a cell phone in protected zones   Read more…
  • Study: Florida Ranks 40th in total State and Local taxes   Read more…

Taxes, Financing, Insurance, Scams, and more:

  • 5 Sweet Tax Deductions when selling a home   Read more…
  • Long-term Mortgage Rates hold steady   Read more…
  • More homes qualify for mortgage exemption   Read more…
  • Foreclosures don’t destroy everyone’s credit score   Read more…

Cape Coral and SW Florida News:

  • Cape Coral ‘New Resident’ Club   Read more…
  • The 20 US Cities where everyone is moving to–and they are nearly all in Florida   Read more…
  • 3 Fla. Cities in Top 10 ‘Best Places to Retire’ list   Read more…
  • Wicked Dolphin wins USA Today’s ten best craft rum award   Read more…
  • Census Bureau: 80.11% of people in Cape Coral were old enough to vote in 2017   Read more…
  • Cape Coral community to vote on park amenities   Read more…
  • Cape Coral Military Museum getting much needed a/c thanks to local contractor   Read more…
  • Environmental concerns surround the removal of the Chiquita lock in Cape Coral  Read more…
  • Lucky’s Market breaks ground   Read more…
  • Cape Coral to continue partial Matlacha annexation   Read more…
  • Fairfield Inn by Marriott breaks ground   Read more…

Real Estate Tips:

  • 20 crazy cleaning tips that actually work   Read more…
  • 10 ways the average American home is different today than it was in the ’60s   Read more…
  • Last-minute Halloween Home and Yard Decor   Read more…

Nature and Parks:

  • Counties discuss potential partnership to protect SWFL’s coast   Read more…
  • NAR Survey: Home Improvement project worth cost and time   Read more…
  • 3 things you may not have known about butterflies and why they matter   Read more…

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~  October’s FEATURED Properties ~

3011 Ceitus Parkway, Cape Coral  FL —  $459,000

RARE OVERSIZED OASIS!!! Have you been searching high and low for an exclusive piece of Paradise? This is it! Stunning INTERSECTING & BASIN VIEWS from approx 255 ft of waterfront. Lush landscaping! Recently resurfaced TENNIS COURT with fiberglass mat, new net & backboard. Solar and heated POOL with waterfall. Great room OPEN FLOOR PLAN with sliders that pocket behind the wall. Two Master suites; one with large sliders & entry to pool, waterview, walk-in closet, & en suite bath. The other with en suite bath and office with separate entry. Guest bedroom has POOL BATH nearby. Owners have made substantial improvements in the past few years: NEW high efficiency a/c system, NEW hot water heater, entire house re-piped, NEW gorgeous black aluminum FENCE, upgraded lights and fixtures, Suntamer window filters for energy saving, NEW roof on WORKSHOP along with updated electrical & insulation, GRANITE & STAINLESS appliances, 8” of attic insulation, HUGE BONUS ROOM added, and more… City water/sewer on the way. Water ASSESSMENT PAID. Only about 28 miles from the Ft Myers Int’l Airport and 21 miles to Punta Gorda Airport. Walking distance to shopping, restaurants & more…

Click here to see more…

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Backyard News –

“Cape Coral”

  • Single family homes sales are up by 9% from last year for the 3rd quarter, sales for September totaled 422 the single most reported transactions in over 8 years.
  • Third quarter might’ve started as previous years but that quickly changed not only with closings but also with active inventory. Levels have continued falling for the last 6 months and are currently the lowest they’ve been in two years.
  • Prices in Cape Coral have reached the $300k mark again, although still approximately 22% off peak prices, the 12% gain over last year have many questioning did they miss buying low!
  • Inventory levels and sales almost always go hand in hand, prices on the other hand, usually lag by a few months. If listings continue to fall, one can expect sales to rise and prices to rise accordingly.

“Fort Myers News”

  • Highest number of closings in September in over 8 years, total reported closings were 307. The third quarter of 2019 exceeded that of last year by almost 20%.
  • Inventory fell again last month to the lowest number of active homes for this market in over four years.
  • Prices and appreciation eerily similar to those of Cape Coral, both entry points have risen and both have double digit gains in average sales prices.
  • Permits are up in Fort Myers, of all the closings in the Fort Myers market, new construction makes up an estimated 17%.

 

For more… click here for Cape Deb’s Blog…..

Cape Coral Weekly Market Watch

Have questions?  Need Cape Coral Real Estate assistance?  Call Deb Cullen at (239) 233-2322 or click here…..